Indico provides Intelligent Process Automation (IPA) solutions that enable organizations to automate document- and image-based workflows by leveraging artificial intelligence. The company’s product focuses on automating the intake and understanding of document-based workflows across insurance, financial services and healthcare. Led by CEO Tom Wilde, Indico plans to invest in product and technology and expand its channel relationships and integration partnerships. As part of its growth plan the company intends to double headcount in 2021 and hire new leadership in sales, partnerships, marketing, finance and solution engineering. The Series B brings total capital raised to date to $36m, supporting expanded operations and broader industry presence. Indico is a Boston, MA-based provider of enterprise machine learning solutions focused on unstructured content. The platform enables enterprises to use small sets of data to create customized machine learning models for documents, text, and images. Customers use the application to automate business processes with AI and to automatically discover insights from large content collections. Led by CEO Tom Wilde, the company plans to use the new funding to extend product capabilities and build out its go-to-market team, resources and programs. The company recently completed a $4M seed round following a $1.5M convertible debt financing announced in October. indico offers a state‑of‑the‑art enterprise deep learning platform for text and image analysis that can be deployed in the cloud or on premise and accessed via a simple web service. Its platform enables companies to automatically extract meaningful insight from unstructured data at scale and to develop accurate custom models more quickly than traditional approaches. The company reports early success selling into financial services, insurance and legal industries. indico is privately held and headquartered in Boston, MA. Leadership shifted in October 2017 with Tom Wilde named president and CEO while co‑founder Slater Victoroff focuses full time on the company’s technology and product vision. The company announced additional funding to support platform extension and expanded product offerings. indico is a Boston-based startup that provides APIs to help developers build smart software with machine learning. The company is building a new kind of development environment for machine learning and is led by Slater Victoroff, Alec Radford, Aidan McLaughlin, Madison May, Ezra Varady, Diana Yuan and Gary Jiang. In November 2014 it raised $3M in initial funding. Backers included General Catalyst, .406 Ventures, Two Sigma, Boston Seed and angel investors. The company intends to use the funds to continue growing the team. Hiring information was referenced on its jobs page.

Total raised

$31M

Funding rounds

4

Latest round

Series B

Latest activity

Dec 2020